business / news / / NDTV Profit
Oracle laid off an estimated 20,000 to 30,000 employees on April 1.
Oracle laid off an estimated 20,000 to 30,000 employees via early-morning emails on April 1.
KEY POINTS
- Long-serving staff with over 30 years at Oracle, including key security and documentation experts, were included.
- Some affected employees believe the layoffs targeted senior contributors and managers with outstanding stock options.
- Layoffs coincided with Oracle's best organic growth quarter in a decade and major AI infrastructure investments.
COMPANIES
Summarized by Newsio from NDTV Profit. How we summarize →